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GE to buy Italian Avio unit for $4.3bnUS conglomerate General Electric has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession. The deal comes as Europ More… |
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Dubai Drydocks inks S.Asia JV with Malaysia firmDrydocks World, the indebted Dubai shipbuilder, said on Wednesday it has inked a joint venture for its Southeast Asia operations with a company linked to Malaysian billionaire Robert Kuok. Drydocks, which is restructuring $2.2 billion in d More… |
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GSK extends $2.6bn offer to key partnerGlaxoSmithKline has extended its $2.6 billion offer to buy long-time partner Human Genome Sciences until the end of June as it battles the US biotech company's reluctant management. The price remains unchanged at $13 a share under the More… |
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NBK Capital ups First Gulf Bank to 'buy'NBK Capital upgraded First Gulf Bank to "buy" from "accumulate" and said it expects the lender to record a 6 percent growth in net profit this year. First Gulf Bank, Abu Dhabi's second-largest bank by market capitalization, cou More… |
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UPS to buy Dutch rival TNT for $6.9bnUnited Parcel Service (UPS) will pay $6.85 billion for Dutch peer TNT Express in a deal making the world's largest package delivery company the market leader in Europe. UPS will also get access to TNT's stronger networks in the fas More… |
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Kuwait mulls big investments in EuropeKuwait is considering buying assets in Europe after prices fell in response to the region's debt crisis, but it has not made specific decisions, said the country's finance minister. 'We haven't defined any sector investing More… |
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Foreigners buy London propertiesForeign landlords own more than 60 per cent of London's Bond Street and Oxford Street, having snapped up numerous stores in the past five years as investors sought safe havens for their cash, data from Savills showed. The property cons More… |
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Egypt Meditrade buys sunflower, soyoilEgyptian commodity purchasing enterprise Meditrade has bought 20,000 tonnes of sunflower oil and 25,000 tonnes of soyoil in a tender, said a trader. Meditrade bought the sunflower oil from Nidera at $1,058.85 a tonne on a cost and freight More… |
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Sabic to buy stake in German auto JVSaudi Basic Industries Corporation (Sabic) said it has entered into an agreement to buy a major equity stake in Inpro, a German JV dedicated to collaborative innovation in automotive production. The other equity partners in the group More… |
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TPG Capital seals Saxo stake dealTPG Capital, a leading global investment firm, said its unit has signed a deal to acquire a 30 per cent stake in Saxo bank, a leading online trading and investment specialist. As per the deal, the global buyout group of TPG, a leading pri More… |
